Gold & Silverbeta

December 11, 2012

The definitive group for discussing all things related to the precious metals

A resourceful community for those who hold, plan to purchase, or are helplessly infatuated with gold & silver

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By davefairtex on Wed, Aug 20, 2014 - 11:39pm

PM Daily Market Commentary - 8/20/2014

Gold closed down -3.70 to 1292.50 on moderately light volume, while silver was up +0.05 to 19.45 on moderately heavy volume.  While silver closed up today, the overall price action today was that of a failed rally; at one point silver was up +0.20 but failed to hold its gains, which I consider generally bearish.  Silver's downtrend remains intact, and gold is now starting to give way as well, having dropped 4 days in a row.

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